Binance CEO Confirms $500 Million Equity Investment In Twitter Deal

October 28, 2022

Binance CEO revealed they are an equity investor in Elon Musk's takeover of microblogging platform Twitter.

Binance founder Changpeng said they are excited to be able to help Elon realize a new vision for Twitter.

We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology,” CZ said.

Earlier, CZ had tweeted that Binance had wired $500 million two days ago as part of the deal.

Binance CEO said that their priority at the moment was to reduce spam accounts on Twitter.

Earlier, Billionaire Ken Griffin also revealed to be one of the investors in the Twitter deal.

It is being reported that Elon Musk is likely to become the next interim CEO of Twitter.